Hilfiger Hotels

Clothing designer Tommy Hilfiger is going to join the ranks of Versace and Armani and create a designer hotel. According to the Wall Street Journal (a venerable publication that can be relied upon) Mr. Hilfiger and a business partner have signed a contract to pay $170 million for the Clock Tower, an office building near Madison Square Park in New York. Will the hotel be as preppie as Mr Hilfiger's clothing? Too early to say as yet but we do know he joins the rush to open up yet more accommodation in the hotel-hungry Big Apple. Mr. Hilfiger's old company, now part of Phillips-Van Heusen Corp which also owns Calvin Klein. isn't involved.